Crypto Market Rebound: BTC Back Over $8K, Top 100 Coins In The Green

After hitting a multi-month low of $6,094 on Tuesday, Feb. 6, Bitcoin is rebounding substantially Wednesday, Feb. 7, pushing over $8,000, and pulling the top 100 altcoins up with it.

Image source: coin360.io

Bitcoin’s price has gained about 24 percent in the 24 hours to press time, trading at an average of $8,280, according to CoinMarketCap.

Altcoins are also showing robust growth, with all the top 100 coins in the green, gaining as much 97 percent over the last 24 hours to press time. In the top 10 coins, NEO and NEM have increased by 55 and 46 percent respectively, while Bitcoin Cash (BCH) and Ethereum (ETH) gained up to 33 percent at press time.

The total market cap of all cryptocurrencies is at $388 bln, seeing gains of over $100 billion since Tuesday’s low of $276.8 bln.

Yesterday, Feb. 6, Litecoin founder Charlie Lee tweeted about the overall volatility of the crypto markets and the benefits of staying bullish in the long-term, noting “Those that can withstand such a drop without flinching are the ones with lambos eventually. The others pay for these lambos.”

Ran Neuner, the host of CNBC’s Cryptotrader, kept up his bullish stance in a tweet as the market saw an uptick yesterday, Feb. 6.